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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EQUITIES
- Momentum on South Korea exports continues to fade as China slowdown combined with the surge in recession fears globally (particularly in Europe) have been weighing on the global economic activity.
- SK exports rose 5.4% in June, growing at the slowest pace since November 2020 with economists expecting to see a continuation of trade deficit for the time being due to the surge in commodity prices.
- Macro analysts have historically used South Korea exports as one of the key input when computing a global leading economic indicator.
- The chart below shows that SK exports have strongly led equities EPS by 3 months in the past two decades, therefore further deceleration in exports and global trade could continue to weigh on risky assets in the near to medium term.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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